And considering we have the City of Champions going in we have a pretty good expectation of appreciation, especially with how rapidly people are being priced out of Denver.

The issue is that in those areas there is not many multifamily properties when compared to a larger city like Torrington or Winsted. 

All we can do as investors is keep an eye on the underlying fundamentals of the particular city we are looking to invest in.

I also work in different parts of town, so we're interested in something very central, hopefully in a decent (or very soon to be decent) neighborhood with good/quick access to different parts of the city.

I have already checked with the city, and there isn't a process for checking the readings online or anything, so my only option would be to drop by the property and look at the meter myself.

There was a 75 unit motel in my city that sold for $600,000 recently, and it needed maybe $150,000 total in rehab costs.

The zoning requires 5,000 sqft but I went to city of Miami building department and they notified I can build within the setbacks which ended up being 1,200sqft of build-able area.

I currently reside in New York.

I've been to Phoenix, Scottsdale, and the other cities nearby at Arizona and you are definitely right that it is much cheaper over there.

I'm living/working in Boston proper, but will definitely be looking outside of the city for value-add single and multi-family opportunities.